Archive for the ‘AIM’ Category

SCOTTY Group Beaming Up

In AIM, stocks, technology on December 1, 2008 at 7:03 pm

SCOTTY Group has announced it has won €1 million (£830,000) of new orders.

The AIM-quoted company – which turned a £765,000 loss into £977,000 pre-tax profits in the year to June, on turnover up 42 per cent to £6.8 million – says latest orders include five maritime ‘Telemed’ packages for an onboard hospital for the German Navy, aircraft tracking kit for the German Army and emergency response equipment for the Chinese national railways.

SCOTTY shares, which have fallen sharply from their 103.75p June peak, now trade at 49p, valuing the company at £9.9 million.


What is AIM for?

In AIM, stocks on August 4, 2008 at 12:37 pm

An interesting discussion over at the Daily Telegraph, where Ben Bland has a pop at AIM and comes to the conclusion it’s a bit of a circus.

The London Stock Exchange has been struggling to shake off the suggestion by a leading US regulator that Aim is “like a casino” ever since those fateful words were uttered. After spending the best part of a year covering Aim, I’ve come to the conclusion that it is really more like a circus than a casino.

Some responses say he has missed the point of AIM or ignored its fundamental proposition. But I encourage you to check the article out

IS Solutions Files For Chapter26

In AIM, stocks, web on July 24, 2008 at 9:07 am

AIM-listed website designer and developer IS Solutions has agreed to buy Surrey-based Chapter26, a content management systems specialist.

According to the GrowthBusiness website, the deal will cost IS Solutions more than £700,000 in cash and shares, rising to £1.2 million if financial targets are achieved by July 2009.

Neo Media Comes To The Rescue Of Avanti

In AIM, stocks, technology on July 21, 2008 at 3:28 pm

Geneva based Neo Media has subscribed for £300,000 of convertible loans in bombed out digital screen media company Avanti Screenmedia.

AIM-quoted Avanti lost £5.6 million (plus another £25 million on disposals) in the year to June 2007 and a further £2.5 million in the six months to December. Last November, the London-based company raised £987,000 in shares and convertibles at 7p and in December it tapped the market for another £150,000 at the same price.

More details at Growth Comapny Investor

EBTM Confirms First Profits

In AIM, online retailing on May 5, 2008 at 6:16 pm

Online Fashion Retailer EBTM has confirmed a first annual pre-tax profit for yearly trading. Chief executive Richard Breeden says the company, which lost £661,570 in the year to April 2007 on £1.3 million turnover, will ‘report a maiden full-year profit before tax’ for 2007/08.

The London-based, AIM-quoted company, which wholesales on the internet, paid £4.75 million in cash and shares last June for the ‘complementary’ Lowlife clothing and accessories brand.

Upbeat Update from Intelek

In aerospace, AIM, communications, it hardware, stocks, technology on April 25, 2008 at 1:10 pm

Electronic communications systems specialist Intelek (AIM: ITK) is reporting that underlying profits will ‘comfortably’ exceed market expectations.

The AIM-quoted company, which made £5.6 million pre-tax profit in the year to March 2007 on £37 million turnover, supplies electronic systems for satellite and microwave communications, as well as precision parts for the aerospace market, reports progress throughout its divisions.

Based in Swindon, Intelek, increased ‘underlying’ pre-tax profits 45 per cent to £1.48 million in the six months to September and now says ‘strong trading’ continued throughout the financial year to last month.

A bright light stock during these dark days. Worth looking over.

Technology IPOs On Hold

In AIM, IPO, software, stocks, technology on April 8, 2008 at 2:35 pm

It’s been a slow start on the AIM and Plus Markets for IPOs in 2008, in single digits monthly and only a couple of tech start-ups amongst them.

And it appears that over the pond in Silicon Valley the same slowdown is taking place – just one in the first quarter – ArcSight (ARST), which makes security and compliance software. For the same period last year the score was nine startups.

Where IPO is stagnant M&A seems to be taking up some of the slack, but this is displacement activity. Everyone knows there is a whole heap of ideas waiting for take-off but until the money men sort themselves out it would seem we’re all just going to have to keep surfing youtube for kitteh videos.

PAQ Your Laptop

In AIM, stocks on March 28, 2008 at 11:30 am

Growth Business Investor is reporting that PAQ International has raised £1 million on AIM.

PAQ is a Chinese manufacturer of own-brand bags for mobile phones and laptops. The company also supplies its products to companies such as luggage brand Samsonite and French supermarket Leclerc. The funding is earmarked to help move the company further into the retail retail outlets inside or close to major electronics stores.

Chief executive Kelvin Yau saying that they hope to acquire other manufacturing and distribution businesses in China, as well as developing a retail business in territories including China and the UK. The company intends to position its
Nomad and broker Zimmerman Adams led the fundraising, with Hichen Harrison’s assistance as co-broker.

The company’s audited turnover for 2006 was HK$22.4 million (£1.4 million) with operating profits of HK$10.0 million.

Craneware shows U.S. Growth

In AIM, software on February 27, 2008 at 6:04 pm

Growth Company Investor is reporting very good news from Scottish software company Craneware, whose products help US hospitals optimise billing.

After doubling interim profits to £820,000 pre-tax the company, whose £5.4 million AIM floatation last September was judged IPO of the Year at Growth Company Investor’s recent Quoted Company Awards, increased turnover 24 per cent to £4.35 million in the six months to December. Craneware also announced an increase in its US hospital client list by 96 to 878 on the strength of its flagship product, Chargemaster Toolkit.

HQ is in West Lothian and there are offices in Florida, Arizona and Kansas.

Synchronica hunting for more cash and more markets

In AIM, communications, e-mail, it hardware, software, wireless on February 20, 2008 at 4:34 pm

Bombed-out AIM company Synchronica (AIM: SYNC) has raised £2 million – only one month after saying it had ‘sufficient cash to meet its present needs’. Cough, cough. Its 2007 report showed losses halved at £3 million and it had previously reported raising £1.87 million at 6.25p in a prior issue.

The mobile communications specialist latest shares placement was at 7p through broker Seymour Pierce – cash which is earmarked to expand its sales and marketing operations in emerging markets that lack elaborate existing communications networks. Markets where attaching email capability to simple mobile phones could be big business. Operative word here is ‘could’.

Founder and chief executive officer Carsten Brinkschulte argues Synchronica’s Mobile Gateway 3.5 ‘push’ email and synchronisation software is ‘geared to the specific requirements of emerging markets and can deliver email to more than three billion phones worldwide’.

Brinkschulte contributed £20,000 to the latest placing. He has been trying to steer Synchronica back to health since it lost its way within ill-starred mobile services venture DAT Group.

August 2007 saw some positive news when Synchronica won a potentially lucrative contract with Sun Microsystems whilst more recently the company agreed an international marketing JV with Miami-based Brightstar, a leading distributor to mobile systems.

Originally floated at 130p back in 2004, the shares had topped out at 530p before collapsing all the way to 6.88p by June 2007. Mid-market today they were trading at 7.5p.  

Recommendation: Very Speculative